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Selling Covanta Calls On My Holdings

|Includes:Covanta Holding Corporation (CVA)

I am attempting to sell CVA calls at strike $17.5 for December 2012, to cover 1000 more shares. I currently have sold two of the calls and am considering liquidating 50 shares of CVA such that the (portpro) target of 44% is not overdone. at 1250 the portpro ratio of 46.2% is higher than I target.

More later on CVA, when I get back to the house.

Disclosure: I am long CVA.

Stocks: CVA